The Accrued Benefits Method is an actuarial method used in accounting for pension costs. It accounts for the actuarial value of liabilities relating to pension benefits for current and deferred pensioners and their dependants at a given date.
Actuarial Present Value (APV) is a financial metric that represents the current value of expected future payments, adjusted for survival probabilities derived from a mortality table. This is crucial in various fields like insurance, pensions, and finance.
A comprehensive overview of the Chartered Enterprise Risk Analyst (CEA), a specialized credential in enterprise risk management, including its definition, significance, and related concepts.
The Expected Mortality Rate is the average mortality rate anticipated based on demographic and underwriting data. It is a critical metric used in actuarial science, life insurance, public health, and epidemiology.
The Projected Unit Credit (PUC) Method is an actuarial valuation method that accounts for projected salary increases over the full working life of employees. It is widely used for determining pension obligations and expenses.
An in-depth look at Select Mortality Tables which consider policyholder mortality during the initial years post-issuance.
Life Expectancy is the age to which an average person can be expected to live, as calculated by actuaries. This comprehensive entry explores how insurance companies use actuarial studies including factors like sex, heredity, and health habits to project benefit payouts and set rates.
The Society of Actuaries (SOA) is committed to advancing the actuarial profession and expanding relationships with members, volunteers, and other actuarial organizations to enhance the role and overall impact of actuaries. It offers the highly coveted FSA (Fellow, Society of Actuaries) designation.
Explore what a mortality table is, its various types, and its critical applications in demographics, insurance, and actuarial science. Understand the methods of analysis and interpretation for better decision-making.
An in-depth look at Projected Benefit Obligation (PBO), covering its definition, calculation methods, significance in financial accounting, and its impact on company future pension liabilities.
